X-Nico

16 unusual facts about Adam smith


Adam Müller

His position in political economy is defined by his strong opposition to Adam Smith's system of materialistic-liberal (so-called classical) political economy, or the so-called industry system.

Benjamin A. Rogge

Rogge helped produce, and narrated, a documentary on Adam Smith that was funded by Liberty Fund.

Clairton, Pennsylvania

As another move toward recovery, Clairton recently introduced Land Value Taxation (LVT), which is based on the economic philosophies of Henry George, Thomas Paine, Adam Smith and others.

Cyclical theory

The values of Private Interest bear strong resemblance to Adam Smith’s theories of the laissez-faire economy (free market) and also the invisible hand.

EconTalk

Adam Smith's division of labor plays a recurring role in the podcasts, particularly in how it contributes to the creation of wealth.

Gergely Berzeviczy

De commercio et industria Hungariae was the first book in Hungary, which showed the elements of Adam Smith's theories.

Jennie Lee, Baroness Lee of Asheridge

In 2005, the Students' Association of the newly created Adam Smith College in Kirkcaldy, Fife refused to name themselves after Adam Smith, and instead chose the name Jennie Lee Students' Association.

John Andelin

His first numismatic relief work is a 2 oz silver portrait of Adam Smith, embedded with 2 bitcoins.

Mammonart

The term "Dead Hand" criticizes Adam Smith's concept that allowing an "invisible hand" of many people's individual self-interests to shape economic relations provides the best result for society as a whole.

Melchor de Talamantes

Also many books were found, including some banned ones (for instance the works of Montesquieu and Adam Smith).

Pietro Verri

This was followed by the Meditazioni sull'economia politica ("Meditations on Economic Politics", 1771), where he enunciated the laws regulating supply and demand (also in mathematical form), explained the role of money as "universal good", and supported laissez-faire in trade, arguing that balance of payments equilibrium is achieved by GDP adjustments rather than by exchange rate adjustments; as such, he was a precursor of both Adam Smith and marginalism.

Service science, management and engineering

There is a long history of academic and industrial interest in the service sector – starting with Adam Smith and continuing right up to the present day.

Smithian

Smithian, pertaining to, or characteristic of Adam Smith (1723–1790), Scottish philosopher and pioneer of political economy

Soraya Sikander

This resulted in a huge panel, oil on board, nearly 5 by 8 feet, in size that portrayed Adam Smith, a symbol of capitalism, leading on to a vague, shadowy silhouette and ultimately resulting in a skull.

Stringer Bell

Bell attends economics classes at Baltimore City Community College and maintains a personal library, including a copy of Adam Smith's The Wealth of Nations.

This Modern World

I.H.O.T.F.M.-Man is an ardent defender of Adam Smith's invisible hand metaphor, and usually intervenes in situations where the purity of free market economics is in jeopardy.


Alan Macfarlane

His Riddle of the Modern World (2000) and Making of the Modern World (2001) are contributions to the field of history of ideas, addressing the work of Montesquieu, Adam Smith, Alexis de Tocqueville, Ernest Gellner, Yukichi Fukuzawa and Frederic Maitland.

David Douglas Cunningham

He was born in 1843, in Prestonpans, the third son of the Rev. William Bruce Cunningham (1806–78) and Cecilia Margaret Douglas (1813–98), daughter of David Douglas, Lord Reston (1769–1819), the heir of Adam Smith.

EURion constellation

On the front of former Bank of England Elgar £20 notes, they appear as green heads of musical notes, however on the Smith £20 notes of 2007 the circles merely cluster around the '£20' text.

Factors of production

The classical economics of Adam Smith, David Ricardo, and their followers focuses on physical resources in defining its factors of production, and discusses the distribution of cost and value among these factors.

Ideal observer theory

While Adam Smith and David Hume are recognized to have espoused early versions of the ideal observer theory, Roderick Firth is responsible for starting a more sophisticated modern version.

Influences on Karl Marx

This practical and theoretical distinction was Marx's primary insight, and allowed him to develop the concept of "surplus value", which distinguished his works from that of Adam Smith and David Ricardo.

Jake D'Arcy

He has appeared in TV dramas and films such as Dr. Finlay's Casebook, Adam Smith, Gregory's Girl, Minder, Tutti Frutti, Rab C. Nesbitt, Heavenly Pursuits, Takin' Over the Asylum, Hamish Macbeth, Taggart and Still Game.

James Wilson

After graduating from the University of St. Andrews, he spent two years in Edinburgh and Glasgow studying Scottish Enlightenment thinkers, including Francis Hutcheson, David Hume and Adam Smith.

Manchester capitalism

Theoretically, Manchester Liberalism was founded on the writings of David Hume, Adam Smith and Jean-Baptiste Say.

Paul Oslington

Professor Oslington has particularly considered the relationship between economics and theology in the writings of Adam Smith, but has also looked at John Henry Newman, Max Weber, Jacob Viner and Bernard Lonergan as exemplars of fruitful ways of relating the disciplines.

Productive forces

Marx and Engels probably derived the concept from Adam Smith's reference to the "productive powers of labour" (see e.g. chapter 8 of The Wealth of Nations), although the German political economist Friedrich List also mentions the concept of "productive powers" in The National System of Political Economy (1841).

Prussian reforms

The Prussian reforms relied on the economic liberalism of Adam Smith (as propounded by Heinrich Theodor von Schön and Christian Jakob Kraus) more heavily than the south German reformers.

Randy Tate

He was an unsuccessful candidate for re-election to the 105th United States Congress, receiving 47% of the vote against Democrat Adam Smith.

Richard Brooman-White

Brooman-White's maiden speech, made in July 1952, concerned the steel industry and he declared that neither Karl Marx nor Adam Smith would be helpful in working out a long-term future for the industry.

Robert Oliver Cunningham

He was born on 27 March 1841, in Prestonpans, the second son of the Rev. William Bruce Cunningham (1806–78) and Cecilia Margaret Douglas (1813–98), daughter of David Douglas, Lord Reston (1769–1819), the heir of Adam Smith.

Sentimentality

However in sociology it is possible to see the "sentimental tradition" as extending into the present-day - to see, for example, 'Parsons as one of the great social philosophers in the sentimental tradition of Adam Smith, Burke, McLuhan, and Goffman...concerned with the relation between the rational and sentimental bases of social order raised by the market reorientation of motivation'.

Technological theory of social production

In classical political economy (Smith, Marx, Ricardo), it is human efforts (labour) L, which are measured in working hours.

Zeitgeist: Moving Forward

The origins of our modern economic paradigm are explored, beginning with John Locke and Adam Smith.